The pads don't really retract. It is just the run out of the disk and the Bernouli effect of the air flow that moves them a tiny bit.
The valves in the US and NZ masters look different in the pictures posted, so maybe they work differently. I don't know that they are different, but brakes are one of the many issues for importing "grey market" (non-US spec) vehicles into the US.
The valves in the US and NZ masters look different in the pictures posted, so maybe they work differently. I don't know that they are different, but brakes are one of the many issues for importing "grey market" (non-US spec) vehicles into the US.